Repair and maintenance firm fails despite recent Tesco insurance deal
Property repair and maintenance firm Rok has been placed into adminstration.
The company has applied to the Financial Services Authority to suspend the listing and trading of its ordinary shares on the London Stock Exchange.
In October, Rok was chosen by insurer Ageas and Tesco Underwriting to provide building repair, claims management and validation services to Tesco Underwriting customers.
In a statement, Rok told the London Stock Exchange this morning: "The board of Rok announces that it has resolved to put the Company into administration and to make an application to the Financial Services Authority to suspend the listing and trading of the Company’s Ordinary Shares on the Stock Exchange.
"It is anticipated that the administration and suspension will become effective shortly.
"Further announcements will be made in due course."